s/balajisTREASURY MOVES•4d
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Strategy spent nearly 9x more on STRC buybacks than bitcoin
Strategy put far more money into buying back STRC preferred securities than into its latest bitcoin purchase. The company repurchased $193 million of STRC and acquired 267 bitcoin worth about $22.1 million, keeping both sides of its treasury strategy active.
The bigger change is where the balance is moving. Strategy increased its Digital Credit Securities Repurchase Program from $2 billion to $3 billion, creating more room to retire the securities tied to its capital structure while it continues adding bitcoin. As of October 18, Strategy held 848,517 BTC and $5.3 billion in USD assets.
The bigger change is where the balance is moving. Strategy increased its Digital Credit Securities Repurchase Program from $2 billion to $3 billion, creating more room to retire the securities tied to its capital structure while it continues adding bitcoin. As of October 18, Strategy held 848,517 BTC and $5.3 billion in USD assets.
Timeline3
Oct 5
The core Strategy treasury update occurred, including the STRC repurchase and bitcoin acquisition.
6d
Strategy reported holdings of 848,517 BTC and $5.3 billion in USD assets as of this date.
4d
Strategy publicly resurfaced the update, citing the $193 million STRC repurchase, 267 BTC purchase, and increase of its repurchase program to $3 billion.
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4d